Real Estate Math
The price per square foot of a 1,850 sq ft home that sells for $277,500 is:
A$150.00✓ Correct
B$148.50
C$147.50
D$152.00
Explanation
Price/sq ft = $277,500 ÷ 1,850 = $150.00. Using the values given ($277,500), apply the appropriate formula.. The correct answer is $150.00.. This is a common calculation on the Nebraska real estate exam.
Related Nebraska Real Estate Math Questions
- A Nebraska salesperson on a 70/30 split (agent 70%, broker 30%) earned $52,500 in commissions in a year. The broker received:
- A broker charges 6% commission. The property sells for $425,000. The listing broker and buyer's broker split the commission equally. The buyer's broker's salesperson receives 50% of the buyer's broker's side. How much does that salesperson earn?
- A Nebraska listing expired December 31. The broker is entitled to a commission if a sale occurs within the protection period to a buyer who was first shown the property during the listing. The listing was for 6% on a $290,000 sale. The commission is:
- A commercial property generates monthly gross rents of $8,500. The GRM for the area is 120. What is the estimated value?
- A buyer finances $240,000 at 4.5% annual interest. What is the interest charged in the first month?
- An appraiser uses a GRM of 105 on a property with monthly rent of $1,200. What is the estimated value?
- A Nebraska seller agrees to pay 6% commission on a sale of $395,000. The listing agent's broker gives them 55% of the listing side (50/50 split with buyer's agent). How much does the listing agent earn?
- A Nebraska buyer closes on November 1. Annual taxes of $6,000 are paid in arrears. The seller owned the property from January 1 through October 31 (304 days using a 365-day year). How much does the seller owe at closing?
Practice More Nebraska Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Nebraska Quiz →